This week, the main contracts of Ferrosilicon Futures rose and the spot price was temporarily stable. HBIS Group released its tender price of ferrosilicon 75B in August as 8000 yuan per ton, with a month on month decrease of 200 yuan per ton and the volume was 2100 tons, 160 tons less than that in July. The steel tender price was lower and lower, the downstream was mostly purchased on demand, the market transaction was general, and the production areas had no production resumption plan for the time being, and it was reported that a large factory in the northwest planed to reduce production by 20% for another time, the duration was to be determined. The supply side was reduced, which to a certain extent supported the price of ferrosilicon. Qinghai Province issued the notice on carrying out the third batch of energy-saving on-site diagnosis. On Thursday, the Futures market rose by 3.08%, but it was still in the investigation stage, and the specific impact needed to wait. The short-term ferrosilicon market would still be dominated by weak and stable operation.

As for the downstream, with the increase of steel mills' resumption of production and the slowdown of inventory removal, the downstream demand was still insufficient and the market sentiment was weak under the traditional off-season. However, the price of raw materials such as coke and scrap steel was stronger, the production cost of steel was moving up, and the market had expectations for the traditional September-October peak season. In the short term, the steel price may continue to fluctuate in a short term.

This week, the domestic magnesium metal market maintained a weak and stable operation under the condition that the contradiction between supply and demand still existed. The price was slightly lowered, and the demand was weak. The overall transaction was still relatively light, and most of them were cautious and in a wait-and-see mood. On Friday, the mainstream ex factory tax cash quotation of magnesium ingots was mostly around 22400-22700 yuan per ton.

The weekly opening price of 2209 main contract was 7,828, the highest price was 8,208, the lowest price was 7,700, the closing price was 8,072, the settlement price was 8,108, the trading volume was 678,552, and the position was 90,453, up 3.59%.

Below are ferrosilicon Futures main contract daily specific performances: